Are Alloy's financial statements presented as of December 31st of each year?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21 FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit G are our audited financial statements as of December 31, 2024, 2023, and 2022. Our fiscal year end is December 31.
INDEPENDENT AUDITOR'S REPORT
To the Members Alloy Personal Training, LLC
Opinion
We have audited the accompanying financial statements of Alloy Personal Training, LLC (a limited liability company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and members' deficit and cash flows for each of the years in the threeyear period ended December 31, 2024, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the company's financial statements are audited as of December 31st of each year. Specifically, the audited financial statements included in the FDD cover the years 2022, 2023, and 2024.
The independent auditor's report confirms that the audit includes balance sheets as of December 31, 2024 and 2023, and statements of operations, members' deficit, and cash flows for each of the three years ending December 31, 2024. This consistent year-end reporting provides a clear and standardized view of Alloy's financial performance over time.
For a prospective franchisee, this means that when reviewing Alloy's financial performance, the data presented will always be based on a consistent December 31st year-end. This consistency is important for comparing financial data across different years and understanding trends in Alloy's financial health. It also aligns with standard accounting practices, making it easier to benchmark Alloy against other franchise systems.